Thats great service and good for WHS and shareholders. Funny, i discovered just a few days ago free compass app for my cellphone.Also discovered a magnifier tool already on my ph, both very useful
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Thats great service and good for WHS and shareholders. Funny, i discovered just a few days ago free compass app for my cellphone.Also discovered a magnifier tool already on my ph, both very useful
Some think The Warehouse a pack of bastards
https://www.together.org.nz/warehouse-dotherightthing
Sort of agree ...it’ll hurt them long term ...another sign of terminal decline of the business model.
whs always restructuring yet briscoes hiring talking about record sales says it all
lol the one bright light
I hadn't heard of "together.org.nz" before ... I see it's described as:
"Welcome to Together - the online campaigning arm of the New Zealand Union movement"
Uh-huh.
The retail world continues to change so makes complete sense for the Warehouse to also adjust. They seem to be closing low performing stores, reassigning some specialist staff into more general roles, trimming staff at all levels, offering different roster options, and focusing on online sales and fulfillment.
Union is doing its job, trying to keep members in work.
Company owners might legitimately wonder what additional impact minimum wage increases have on decisions.
Easy to start a business in New Zealand. Common enough in the past for laid off staff to start their own enterprise. They have just had a good lesson in cost and risk management, should stand them in good stead.
Count down now to the WHS mid October announcement
Any bets on WHS coming back with Final Div in December, off the previous No Interim in April ?
Will there be a surprise bonus thrown in ?
Last Trading Update was 9 Jul 2020:
https://www.nzx.com/announcements/355968
I would be very surprised if they decided to pay a final dividend after cutting staff. I think the result will be better than expected and a restructure is really what has been needed at the top heavy WHS and will put them in a good footing for the future
Did someone say something?
Attachment 11982
Thinly traded stock, (and quite a while between drinks since the last trading update), so any information leaks could easily move the price quite a bit, so yeah, maybe a leaky ship with results pending ?
From 27 July 2020, my view is unchanged. I think with the massive drop in interest rates in recent months and the strong current trading outlook from HLG the other day people are joining the dots or hearing whispers of information, or maybe both. It crossed my mind to double down last week. Wish I had done it.
If they can maintain their previous track record of 16 cent annual fully imputed dividends that's 22.22 cps gross and a gross yield of just over 10% @ $2.20.
I think WHS will likely be held up by the media on the wage subsidy - high profile company, who received more than $55m, then restructured and made redundancies.....bit of red shed bashing......
Must be going to announce a 18 cent divie
Noel Leeming doing it for them
We done beagle on your little investment
WHS got mentioned TWICE in the leaders debate tonight as a company that behaved immorally with regard to the wage subsidy.
Collins says she'll claw it back. But Ardern doesn't go that far.
Not a good look.
(does anyone really care though?)
I don't get what the 'moral' argument is with the wage subsidy and the Warehouse. No-one employed at the Warehouse on the day of lock down lost their job until after the wage subsidy ended, The wage subsidy, as I understood it, was paid in a lump sum. But it all had to be spent on wages eventually. So it wasn't pocketed by the Warehouse. And there were many lock down costs for which the Warehouse received no subsidy. There was never going to be a guarantee that all jobs subsidized would eventually be saved, Some say that these Warehouse redundancies were on course to be made before Covid-19. Are these people suggesting that it would have been better if the redundancies were made at the start of lock down and no wage subsidies were drawn?
SNOOPY